# PPP loan: VALLEY PHARMACIES, INC.
> **$500K** approved 04/08/2020 · Paid in Full · Loan `8112647010`
## Borrower
- **Name:** VALLEY PHARMACIES, INC.
- **Address:** 1003 Dogwood Avenue, GROTTOES, VA, 24441-1946
- **NAICS:** 446110
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $500K
- **Initial approval:** $500K
- **Forgiven:** $503K (101%)
- **Forgiveness date:** 11/23/2020
- **Status:** Paid in Full
- **Term:** 24 months
## Use of funds
- **Payroll:** $455K
- **Rent:** $41K
- **Utilities:** $3K
- **Jobs reported:** 95
## Lender
- **Originating:** City National Bank of West Virginia
- **Servicing:** City National Bank of West Virginia (WV)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*